Estate of Regester v. Commissioner
United States Tax Court
Decedent owned a life estate in the income of certain trust property and also possessed a special power of appointment, exercisable inter vivos or by will, over the corpus. She exercised the special power of appointment during her lifetime. Held, decedent made a gift equal to the present value of the life income interest in the trust. Self v. United States, 135 Ct. Cl. 371, 142 F. Supp. 939 (1956), not followed.
1Opinion of the Court
Estate of Ruth B. Regester, Deceased, Charles Regester, Personal Representative, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Regester v. Commissioner
Docket No. 730-82
United States Tax Court
83 T.C. 1; 1984 U.S. Tax Ct. LEXIS 53; 83 T.C. No. 1;
July 2, 1984. July 2, 1984, Filed
Decision will be entered for the respondent.
Decedent owned a life estate in the income of certain trust property and also possessed a special power of appointment, exercisable inter vivos or by will, over the corpus. She exercised the special power of appointment during her lifetime. Held, decedent…
2Cases cited8 opinions
- Bailey, Collector of Internal Revenue v. GeorgeSupreme Court of the United States · 1922
- Commissioner of Internal Revenue v. WalstonCourt of Appeals for the Fourth Circuit · 1948
- Hrobon v. CommissionerUnited States Tax Court · 1964
- Walston v. CommissionerUnited States Tax Court · 1947
- Self v. United StatesUnited States Court of Claims · 1956
3 more not listed; retrieve them via the Exa API.